I know nothing about carbon credits but reading up on them I see the value of "nature-based carbon credits" (which are difficult to quantify, it seems) is pegged by today's market price at: USD$8,36. On a Miombo valuation of 30 million carbon credits that is USD$250 million on the VCM. If the Gwayi-Sikumi forests harvest closer to 90 million credits, as SM seemed to suggest, then obviously the figure is going to be closer to USD$750m.
The arcane workings of carbon trading, what a weird business! But clearly a business, and one that has massive upside for IVZ and must surely balloon our market cap. It's as big an announcement as anything happening in Muzarabani / Mukuyu / Baobab.
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8.8¢ |
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Mkt cap ! $124.7M |
Open | High | Low | Value | Volume |
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3 | 203629 | 8.5¢ |
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Price($) | Vol. | No. |
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8.8¢ | 49588 | 1 |
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3 | 203629 | 0.085 |
5 | 208310 | 0.084 |
6 | 595421 | 0.083 |
4 | 412412 | 0.082 |
5 | 284704 | 0.081 |
Price($) | Vol. | No. |
---|---|---|
0.088 | 49588 | 1 |
0.089 | 49330 | 1 |
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